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  • November 23, 2014
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  1. Bank of Communications

    Posted Jun 26th 2006, 12:00am by Staff Reporter

    ... The bank's principal activities are the provision of corporate banking, retail banking and treasury operations. Corporate banking provides a range of products and services such as loans, bill discounting, settlement, trade finance, fund custody and guarantees. Retail banking business provides a range of retail banking products and services such as deposits, mortgage loans, ...

  2. Banking licence granted to leading Indian bank

    Posted Jul 20th 2006, 12:00am by Staff Reporter

    ... LAI YING-KIT Updated at 5.45pm: The Hong Kong Monetary Authority said on Thursday it had granted a banking licence to one of India's leading banks- which specialises is providing IT-based banking services. A spokesman said Canara Bank had been granted a banking licence, which took effect on Wednesday. Canara Bank was incorporated in India in 1906. It was the 3rd largest ...

  3. Central bank chief seeks break-up of Agricultural Bank

    Posted May 22nd 2006, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai Weakest of the Big Four wants equal treatment and a listing in Hong Kong The central bank chief has proposed dismantling the Agricultural Bank of China, the weakest of the big four state banks, but the lender is fiercely opposed to the idea and wants to list in Hong Kong. After two years of bitter debate, Zhou Xiaochuan earlier this month made two ...

  4. Policy change to increase rural banking services

    Posted Dec 23rd 2006, 12:00am by Jamil Anderlini

    ... Jamil Anderlini in Beijing The central government plans to force Chinese banks to increase their services to the enormous rural population by mandating that for them to open a new branch in certain cities, the lenders must also start one in the countryside. The policy comes as China's commercial banks accelerate the closure of loss-making rural branches and focus on more ...

  5. Even bankers know that money isn't everything

    Posted May 06th 2006, 12:00am by Robert Hanson

    ... rewards, many graduates want to enter the world of banking. However, just as the youthful Beatles realised in 1964 that money could not buy love, a new voice is teaching students the same values ... rewards alone are not enough to sustain a person in the banking jungle. The world of banking has a reputation for long hours, office politics and being suitable only for people without ...

  6. Five-day clearing confuses customers

    Posted Sep 10th 2006, 12:00am by Felix Chan

    ... Felix Chan Customers expressed frustration yesterday about cuts in banks' over-the-counter services on the first Saturday since the introduction of five-day clearing. Many were confused by the new arrangement, under which some bank branches close and others have extended their opening hours but without offering clearing services. The city's banks agreed to unify ...

  7. Gang uses phone scam in attempt to raid bank accounts

    Posted Jul 22nd 2006, 12:00am by Staff Reporter

    ... Benjamin Wong Bank customers were yesterday warned about fraudsters who use telephone messages in an attempt to persuade them to disclose their account details and card access numbers. Dah Sing Bank said its clients had been receiving messages asking them to call a bogus hotline to register their details. The bank had immediately contacted authorities after being notified ...

  8. Corrections & clarifications

    Posted Jun 15th 2006, 12:00am by Staff Reporter

    ... In the report 'Postal bank targets $2b from share offering' (Wednesday, June 14), the figure should have been US$2 billion. ...

  9. Protesters target rising bank charges

    Posted May 03rd 2006, 12:00am by Paggie Leung, Vivienne Chow

    ... Vivienne Chow and Paggie Leung. A group of small depositors protest outside the Association of Banks in Central yesterday against banks imposing new charges. The 20 protesters, most of them middle-aged and led by the Democratic Alliance for the Betterment and Progress of Hong Kong, said banks were discriminating against low-income earners and the poor by hitting them ...

  10. Clock ticking for shorter week

    Posted Apr 08th 2006, 12:00am by Staff Reporter

    ... Maria Chan Bank workers' hopes of a shorter week were raised yesterday as the Hong Kong Association of Banks (HKAB) hinted five-day clearing was more a case of when, not if. Bank ... be announced on May 12. 'It's a key step for banks if they want to put in force a five-day week, but it's up to individual banks to decide whether they want to have a five-day ...




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